Segwit2x has been cancelled….for now!

 

News today came out via an email from Mike Belshe (CEO of Bitgo). The email stated the following:

 

Our goal has always been a smooth upgrade for Bitcoin. Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path
could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x.

 

Please click here to read in full.

 

The price of Bitcoin has since been increasing (currently at $7,635) as the worries over the split have now eased. It will be interesting to see further developments in the coming days. For now, Bitcoin is winning (as it always has done in the past).

 

Stay tuned for further news and updates.

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